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Search Results 0 to 27 of about 28 (some duplicates have been removed)
for the indebted country. the u.s. ratings agency standard and poor's has upgraded greece's credit ratings. their best reading since june 2011. >> the agency they credited the eurozone strong support for greece, and it is committed to keeping athens in the currency. the upgrade comes after the successful creek by that program earlier this month. the former ceo of car maker porsche is facing charges of market manipulation relating to the company's attempt to buy volkswagen back in 2008. >> is accused of denying portion of's takeover plans, although the move was already under way. prosecutors say that had an impact on the share price, and investors were misled. the takeover ultimately failed, and portia was itself bought out by vw. -- porsche itself was bought out by volkswagen. >> 5, 4, 3, 2, 1, and lift off. >> on board are one american, one russian, and a canadian. it will take a crack about to be would days to reach the iss. -- it will take the craft about two days to reach the iss. vulcanologists in russia have been able to get a glimpse of a spectacular eruption in siberia. it began er
and greece top 25% with youth unemployment in both those countries near 60% news out of the midwest about the economy could bode well for today's national ism number. the chicago mni index---also known as known as pmi---shows a rating of 50.4 for november. a number above 50 indicates economic expansion. joining us now is alyce andres-frantz of chicago mni report. good morning. how are you summing up this latest report? are these numbers good enough? if you look at this report optically it looks very good. you have production up---employment tracking production. you have supplier deliveries lengthening and prices paid up big this month. when you take those four together you think wow this is a really great number but the big key here is new orders down. 5.3 plunging deeper into contraction at 45.3. it's the lowest level since june 2009. this is the biggest weight to this business barometer and this is the thing that held it down this month. you also have a situation this month where we have order backlogs up but still in contraction. it's just not a pretty picture when you have new orders
, prevent it from becoming greece and save social security and medicare. >> before leaving for hawaii for the holidays, obama urged congress to come up with a deal before the christmas break. many spent today navigating the parking lots of packed stores and shopping malls for final gifts. some had a really good reason for hitting the stores in these final hours before christmas. >> i have a baby that is due christmas morning. so i came out here to do some last-minute shopping. it is tough to shop during the holidays, especially right before christmas because, again, you miss out on deals. >> a recent poll found 132 million people had not finished their holiday shopping and 26 million had not even began. many retailers will be open christmas eve late to accommodate them. the pope spoke in a number of languages today in vatican city. he encouraged people to look beyond the materialistic side of christmas and wish people unhappy and gracious christmas. after a rough start, smooth sailing for several holiday travelers. but could that change? >> we have a little bit of rain and snow in the
loans floor greece will be given to them between now and march. they need the money and they needed it for awester are you measures including tax increases and spending measures. >>> as tyler campbell reports, the country's top money man said our state is already taking a hit. >>> there is news from ben bernanke this year. >> reporter: he said no action on the fiscal cliff is hurting us now. all the action is scaring investors and employers and they have until december 31l1stl0 to compromise. if not, all cuts kick in and ben bernanke says we are in trouble. >> it is already affecting business investments by creating uncertainty or pessimism. >> they could be staying negotiating into the new year. reporting live, tyler campbell, ktvu channel 2 morning news. >>> two radio show hosts have been suspended about comments they made about a basketball player from fremont. he had surgery to become a woman and now the host steve zabin and a guest ranted about him and they said, that could be a russian chick, you loose test particular calls and gain eligibility. espn suspect -- espn suspended
it to take three years. another round of bailout loans for greece. greece will be given $64 billion between now and march. they need the money to avoid bankruptcy. in return for the money they had to commit to further measure including more spending cuts and tax increases. >> facebook said it wants to hire the brightest and most talented. this one survey ranking them as the best company in the world to work for. it pays interns $5,600 a month. facebook reportedly offers big payday to try to encourage them to drop out of college. >>> you can get google maps on your i-phone again. the mapping service is again available as an i-phone app. it was in the phones built in system until earlier this year when apple decided to install it's own map system but the quality of those maps was criticized. some users refused to upgrade to a new phone because they didn't want to loose their google maps. >> once again breaking news in the south bay. a high school in coopertino shut down and classes canceled after a threat to the school was found. we are live near monta vista with details on the threat. >>
of diplomacy helped broker a cease-fire. number three, in europe greece was the problem child that spent too much, save nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes as their weary government begs for more cash. europe's leaders including the new french president committed to save the euro. it lives on, but for how long? number two. the deadliest month to date as the assad regime intensified its use of air power. >> one of the questions most asked in 2012, was how much longer can this man hold on to power? assad was under intense pressure to step down. but his regime stepped up the fire power against the opposition. civilians caught in the crossfire. more than 40,000 people have died so far. >> this is, yet, another bread line. >> the opposition fights on making more dramatic gains than ever and gaining pledges of additional support for the international community. number one -- she fought back from the brink of death after being attacked on a school bus. the taliban shocked. she
leader. i would vote for revenues including tax hikes to keep the country from becoming greece. i am not going to set aside the 1.2 trillion in cuts. >> the president spoke out about the dpfiscal cliff on friday focusing his goals on middle class tax cuts not some kind of bargains. his supporters should find it no surprise to any one he wants people above tacks. >> he won 60 percent of the voters stharp for it in the exit polls including some republicans. >> the focus shift to go the u.s. senate where few republicans are backing democratic plan to take some kind of actions before the deadline. >> they continue to give opinions rick warren had an opinion. >> he said it is time to stop placing blame and start fixing things. listen to this. >> i think there's plenty of blame to go around. i would say this we need to stop blaming. you can't mix the problem while you were fixing the blame. i have trained leaders all over the world. one of the things i teach leadership is leaders accept the blame and give away the credit. >> every time you are blaming you are being blamed. i wish they woul
and greece are also reported to want out. >> it costs to perform, and it costs to stage it. and what do you get back? bluntly a bunch of hoopla and a few pom-poms. it can be uplifting when the times are good. greece won it in 2005, but is it appropriate for the greeks to pump millions or billions in? i think austerity is one reason. but i think also the tone is another. is it right to be celebrating in spandex when your people are out on the streets? >> reporter: looking at some of the countries' economic scorecards, it's hardly surprising. greece is aware that taking part could be an issue. especially as its economy is expected to drop to minus 4.5% next year. portugal, meanwhile, is expected to shrink 1.8%. and poland and slovakia have decided to spend their money on other projects. that's despite projecting positive growth for 2013. ♪ it reportedly costs around $160,000 to take part. and if you win, some countries spend big to host the lavish event. for some national broadcasters, this is reason enough to pull out. >> the cost of staging has been mounting in recent years. russia put on
seem like an emerging market economy here. >> are we greece? >> our politics are becoming as dysfunctional as greece. i mean, we're not greece, but if you look at what businessmen say about why they're not investing in the u.s., they will often give dysfunctional politics in washington as the top answer. it's not even tax rates that people are concerned about. it's just getting a deal, getting people aligned. >> we're going to roll some tape, but i just wanted to ask you quickly, last week your sort of advice to republicans was don't cave, compromise. >> right. >> so this week, given what we've seen so far, we see these one-on-one negotiations taking place, what do you think the best strategy on the part of the republicans is? >> don't cave. compromise. you're not going to get 35%. you're just not going to. you're not going to. the economy will go up in flames. you're just not going to get 35%. the president needs to understand he's not going to get 39.6%. if i were sitting in the house and the president asked me to go four, five percentage points up on tax rates right now
money or any american congress borrow any more money until we fix this country from becoming greece. and that requires significant entitlement reform. >> meanwhile, president obama and house speaker john boehner met sunday at the white house. the spokespeople for both men said they agreed not to release details or characterize the meeting. it was their first one-on-one meeting in 18 months as boehner spokesman michael steele says he is still waiting on a counteroffer from the president to last week's republican offer. in michigan today president obama said the house just needs to pass the bill already passed by the senate. >> if congress lets middle class taxes go up, economists will tell you that means people will spend nearly $200 billion less than they otherwise would spend. consumer spending is going to go down. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. >> president obama still has the american people firmly on his side. and this is what the republicans don't get apparently. 60% support raising taxes on hous
this down. there are solutions to this. this is not europe, this is not greece. there are solutions. it's the politics that mess everything up. >> you're absolutely right. getting back to the issue of tax rates, it looked like we were getting closer. boehner offered to raise rates for those making more than $1 million a year. the rate would increase only on the amount you made over $1 million. president obama, who insists on letting the bush tax cuts expire for earners making more than $250,000, at least that's how he presented it during the campaign. offered to let those taxes rise on those making more than 400,000 a year. we're talking marginal rates, only on income above $400,000. by the way, mark, $370,000 a year is what puts you in the top 1%. all of those levels, 250, 400, a million. what's the breakoff point at which raising rates would substantially hurt the economy. >> i think they're coming to a compromise, the president's 400 k, speaker boehner was a million. my guess is they come to an agreement somewhere around $500,000. if that's the break point in the tax increase, i don'
. there are solutions to this. this is not europe. this is not greece. there are solutions. it's the politics that mess everything up. >> yeah. you're absolutely right. getting back to the issue of tax rates, it looked like we were getting closer. boehner offered to raise mate raitts for those making more than a million dollars a year, and the rate would only increase on the amount of money you earn over a million dollars a year. just raising those rates were a major concession for any republican. president obama, who insists on letting the bush tax cults expire for earns making more than $250,000, or at least that's how he presented it during the campaign, offered to let those taxes rise on those making more than $400,000 a year. we're talking marginal rates then so, that would be only on income above $400,000. by the way, mark, $370,000 a year is what puts you into the top 1% here. you're an economist. all those income levels, 250, 400, a million, flying around for raising rates, what in your opinion is the breakoff point at which raising rates would substantially hurt the economy? >> well, i mean, i
is the ism number weakened the market baltimore than the fiscal cliff propped up by greece. tech has not had a very good run recently. up today, dell got an upgrade at goldman. sharon talked about gold. it may be that gold has not done too bad this year but gold stocks are not outperforming. again today they are on the downside. this has been a year of buying gold, not so much buying gold stocks. really, you go back to 2004 when you could buy the gld for the first time, then you could suddenly have an alternative to owning gold stocks. before that, that was the only way you got the gold. >>> to the nasdaq now. seema mody is there folth big movers. >> we're flat on the day. one unusual mover, deckers outdoor is the maker of ugg boots. stern upgrading from buy to neutral citing new product offerings could help the company next year. the stock up 8%. apple also a bit higher by .6%. the company announced this morning thatle iphone phone will be available in south korea on december 7th with more than 50 additional countries being added in december including brazil, russia and taiwan. trying to ca
. google is flying from south to north. so i think they're kind of mingling right now in greece. so in santorini. this is his dashboard. you can see where he is. there's a lot of games. kids having a ball with it. it shows you where santa is. he's leaving his presence as he moves. he's moving from africa north. so now they kind of just bypassed each other in greece. and now google is now in finland where the other guy is. or similar santa was earlier. they're kind of meeting in the middle. just around the equator. >> here's the thing, we just don't want a midair santa crash. that would be the worst case scenario. thank you so much, alexandria, in an age of e-mails and tweets, here we go. it's nice to know that a letter can still be a powerful tool. it also helps if you have a powerful role model. that would be 9-year-old gabriella miller. she got strangers from around the world to write letters to santa. that out pouring will bring some joy for severely ill children like gabriella herself. now, our affiliate has the story. >> we have a mountain of letters here. >> reporter: chris' c
in greece and then come late wednesday night into thursday morning we will see more widespread rain carrier >> which is see two to 4 in. of rain by thursday and friday. if the highs for today is a little bit below average. lower 50s for downtown san francisco, mid- 50s for oakland and have moon bay will be in a lower 50s. here is your kron 47 day around the bay. it is very cold tonight, we will be dry. the windy conditions was also come. for the weekend will will see showers and we may see rain also for christmas eve. >> 11 in. of snow may pave pickuif you are lucky enough to get up there today you will enjoy fresh snow. >> better news for your ride through palo alto. san hill road just reopened at el camino. and driver knocked the top of a fire hydrant off. and the water flooded the streets. the roadway has now reopened. here is a bridge check. pridfor the salmon tell bridge spans are starting to slow down about 18 minutes for drive time. there is a big change in pattern this year for the san mateo bridge. looking at your ride on the golden gate bridge is an easy commute. the volume is bui
of the gunman had just returned, short trip along to a luxury resort in new hampshire. france and greece the years she felt comfortable about leaving her son adam at home unsupervised. >> democrats say that the gop plan will not make it past the senate. beyond that the president has already said he will veto it if it gets to his desk. the back- and-forth continues in congress and hopefully by january 3rd they will get the deal done. we will be back in just a moment. >> the tool yet to yield the camera of america's most popular car fare poorly in a new front crash test by at the insurance institute for highway safety. in the test the camera is a front wheel ended at bending the passenger compartment foot well in word. the steering was pushed off so far the air bags did not deploy. the toyota pre as the hybrid wagon didn't perform any better. it also earned a poor rating. honda's accord sedan and this is to keep his eye she receives the institute's stock rating of good and the crash test. general motors is recalling nearly 119,000 pickup trucks in the u.s. because of that can fly open unex
farm in maine that helps turn greece into finding peace. >> i know when chris died, we kept thinking about how we were going to remember him. and we kept thinking that his spirit was moving through the trees every time you saw them moving. i seem to be drawn to maine even though i've never lived here. it's pretty amazing. >> we're in the wreath business and have been since 1971. columbia falls is a little town in coastal washington county. the perfect little country town kind of thing. we're looking for 12 to 18-inch pieces. as fast as this brush is coming in, we're using it on the other end. we're out on the land that produces the tips for national wreaths across america day. >> each wreath is made of balsam that is picked off of our own land. it began as a family tradition to donate 5,000 wreaths to arlington national cemetery. >> a great source of pride for my family. it's our little way of giving back to the country is through the veterans wreaths program and the new veterans remembers trees program. >> that's captain brent morale, u.s. marine corps. this is another tree has been
in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest month to date as the assad regime intensified its air power. >> how much longer can this man hold on to power? bashar al assad was under even more intense pressure to step down but his regime stepped up the fire power against the opposition, civilians caught in the crossfire, more than 40,000 people have died so far. >> reporter: this is yet another bread line. >> the opposition fights on, making more dramatic gains than ever and gaining pledges of support from the international community. number one, she fought back from the brink of death after being attacked on a school bus. the taliban shot malala yousafzai. she survived, wake up in a british hospital and, according to her father, immediately asked for her school books. the world was gripped, moved and inspired by the story of one determined young girl facing do
. president, and use your mandate to bring this country together to stop us from becoming greece. >> okay. there we go. some advice there for the president. >>> here with us now former white house counselor for president bush. ceo of the consulting firm, hill and milton strategies. dan bartlett back at the table. good to have you this morning. a couple must reads to look at. >> you can ask a question if i can ask rattner a question. you go first. >> when are you going to man up? what happened, man? we republicans, we used to drive liberals crazy. we'd win elections we shouldn't win. we would steal senate seats we should never steal. we would shock -- they never saw it coming. willie geist talked about the morning after the 2004 election, you had liberals on the upper west sidewalking around like zombies. some of them walked straight into the hudson river. that doesn't happen. we're not the smart party, we're the stupid party. what happened? >> well, there's that. >> what happened in '12? how did we perform so badly? is it our tactics? >> well, the primary process obviously didn't help us
. >> gretchen: we look at what is happening in greece where they can not print their own money and they have a massive spending problem. you have rioting in the street. so in a way, in america, since you can print the money, it's just kicking the can down the road, right? >> i think people realize intuitively, this can't work forever. the biggest buyer now of our long-term bonds is the federal reserve. in other words, the government itself is printing money to loan to the government. this can only work for some period of time before the rest of the world says, we no longer trust the u.s. dollar. we don't give it the credibility we used to. >> brian: people outside our windows don't trust the u.s. dollar. that's the scary part. >> people have been excited about the rise in home prices. it's just the long-term, this is not how you grow an economy. this is not how you thrive. >> gretchen: all right. you heard it from james freeman, with the "wall street journal." thanks. >> thanks. >> brian: 19 minutes after the hour. >> gretchen: no love for jesus? a jesus look alike tossed right out of a spor
greece they are not a monolithing society. for some people that would be totally impossible to utter a word or a sound. for other people it's cathartic to open up and express their love and devotion and to have the final words over someone they love. i try very much as a pastor not to among their relationships and emotions and how they use to commemorate the person they leaply will have. >> as a reporter i like to get as many information as you can. i want to know every detail about everything and that's a way of processing it, managing it. people must ask you questions you cannot answer. and they say where was god when this happened? >> it's precisely as you is asaid i've tried to avoid answers goesable temporary. there are some things that are handeds now life that we do not know or understand. these areas, ambiguous areas where we don't have a deficit answer it's better not to give any answer at all than to give one inappropriate. that's why we have faith for those things we cannot explain and point to directly, we have to frtrust god and lean on him get through the sufficient tim
greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in bos
a self-induced one because of the fiscal cliff. it's not greece. it's not like the u.s. is being forced to act right now. the u.s. has a medium and long-term problem with entitlements and population. if politicians on both sides of the aisle could get together and kind of do a down payment for the long-term entitlement issue, that would give them the room to not only -- would there be sort of benefits from doing that, but also give them the room to not do so much tightening in the short term when the economy is weak. >> all right, zani, thank you so much. terrific insights. appreciate it. >> my pleasure. >>> well, if you haven't done your christmas shopping yet, now is the time to panic. no, don't panic. our tech expert has some ideas. she'll show you the latest cool gadgets. >>> a look into what's next in the culinary world. cool tools and strong drinks. so we're going to make a drink called the thai basil dhaka re, and we use liquid nitrogen to freeze and crush up herbs. this is thai basil. here is the main part of the technique. pour liquid nitrogen on the herb. liquid nitrogen is go
the nearby town of greece, new york, drove by. the gunfire hit his car. he was apparently injured by the shrapnel. now, as for the shooter, authorities say that he apparently was killed by a gunshot, there was some type after a shootout. police arrived, their fired at the shooter. not clear to what extent, if any, he fired back at the police officers, but we do know that he is now dead. not clear if it was self-inflicted. the police chief for webster new york, gerald pickering, held a news conference a few hours ago x he described what amounted to nothing less than an ambush. listen. >> at this time, you know, it's still under investigation, but we, you know, we have different leads that we're chasing down. it does appear that it was a trap that was set for responding, you know, first responders. but causative reasons we don't have at time. >> reporter: the police chief said that the shooter's body was found nearby. he also said that it was not clear at this time what type of a weapon it was, whether it was an assault rifle. also to be mentioned because of the shooting that took p
the country from becoming greece. but i'm not going to set aside the $1.2 trillion in cuts. any hope of going over the fiscal cliff must start in the senate. >> gretchen: a lot of people were upset because members of congress just can't seem to get their act together or the president, depending on which side of the fence that you're on of the they were upset that they went on christmas vacations. the president went to hawaii and members of congress went home. both sides said we're going to come back to washington because we've got to solve the situation. i think what so many people are frustrated about is this is an ongoing situation. it's like every year we come to this point where we're talk being this cliff and this is what i think has angered so many voters and why congress has such a low approval rating. >> rick: they also got to this point because of their last time they did this. it was the last debt creating fight that deleted this thing. now they gave themselves an amount of time to work on it you and thought maybe last week there was a little progress being made. turns out there is
Search Results 0 to 27 of about 28 (some duplicates have been removed)

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